Energy
Chevron CFO Orders Staff to ‘Do Better’ After Missing 2023 Goals
- Output, refining, carbon abatement all ‘below plan,’ CFO says
- Chevron traded below peers this year on operational missteps
Chevron shares have tumbled 16% this year, a steeper drop than its supermajor peers.
Photographer: Matias Delacroix/BloombergThis article is for subscribers only.
Chevron Corp. Chief Financial Officer Pierre Breber rebuked employees for failing to deliver on several key performance metrics in 2023, a year in which the stock lagged Big Oil peers.
“We can — and must — do better by focusing on what we can control,” Breber said in an email to staff earlier this month seen by Bloomberg. “We’ve delivered industry-leading performance before, and we will do it again with consistent and disciplined execution.”